Kongsi  or "clan halls", are benevolent organizations of popular origin found among overseas Chinesecommunities for individuals with the same surname. This type of social practice arose, it is held, several centuries ago in China. The Chinese word Kongsi is used in modern Chinese to mean a commercial "company".

The system of kongsi was utilized by Chinese throughout the diaspora to overcome economic difficulty, social ostracism, and oppression. In today's overseas Chinesecommunities throughout the world, this approach has been adapted to the modern environment, including political and legal factors. The kongsi is similar to modern business partnerships, but also draws on a deeper spirit of cooperation and consideration of mutual welfare.

It has been stated by some that the development and thriving of Chinese communities worldwide are the direct result of the kongsi concept. A vast number of Chinese-run firms and businesses were born as kongsi--many ending up as multinational conglomerates. In the Chinese spirit, derived in large part from Confucian ideals, these kongsi members or their descendants prefer not to boast so much of their wealth but to take pride in earning worldly and financial success through their work ethic and the combined efforts of many individuals devoted to group welfare.

Text from : http://en.wikipedia.org/wiki/Kongsi